Following the Trend on GBPAUD
Hi guys,
few days ago we managed to get more than a hundred pips from shorting this pair (see attachment). Now the situation has changed, since we came back to previous structure and started consolidating right at the trendline retest. Besides, the zone we're on is a daily structure that could push price up, according to the major trend.
The RSI divergence down on the bottom additionally confirm our view, along with the psychological number 1,6500.
I'm buying with stops below the lows, and targets as illustrated above.
If you want to ask questions or share your view, feel free to comment beneath.
Otherwise, see you in the next chart!
few days ago we managed to get more than a hundred pips from shorting this pair (see attachment). Now the situation has changed, since we came back to previous structure and started consolidating right at the trendline retest. Besides, the zone we're on is a daily structure that could push price up, according to the major trend.
The RSI divergence down on the bottom additionally confirm our view, along with the psychological number 1,6500.
I'm buying with stops below the lows, and targets as illustrated above.
If you want to ask questions or share your view, feel free to comment beneath.
Otherwise, see you in the next chart!
Trade geschlossen: Ziel wurde erreicht:
First target hit! Stops moved to breakeven now.
Trade geschlossen: Ziel wurde erreicht:
Second target hit! 240 pips risking just 40
